MILAN – Gust of spring optimism of businesses and consumers, showing a renewed confidence in the economic recovery in response to the periodic survey Istat. So much so that the beautiful country is especially a motor of confidence in the rest of Europe.
The Italian business confidence is “marked improvement” in March and actually rose to 103 points, from 97.5 in February, reaching the level highest since July 2008. This was announced by ISTAT in the first elaborations spread with the new statistical basis that puts the share index 100 to 2010. The same methodological update and another positive sign for consumer confidence, which signals a new increase in March and rose to 110.9 points from 107.7 in February (when he scored the highest level since June 2002).
For businesses, growth concerns all sectors: manufacturing passes to 103.7 from 100.5 marking a record since June 2011. For the people, it is mainly to improve the economic component – that is, the confidence in the recovery of the country – than the staff.
Consumers optimistic about Italy. As mentioned, the Institute certifies that the climate of consumer confidence, the economic component increases more significantly (from 138.1 to 144.8) than the staff, passing from 99.7 to 98 . “The opinions of consumers on the current economic situation of the country improve (-57 from -71 the balance) and a slight increase in future expectations are also on the economy (22 to 21),” say the data from the Institute of Statistics . The effect of the maneuvers of the ECB begin to see even on the price front: “The balance of the judgments on the dynamics of consumer prices in the last 12 months shows a slight improvement to -26 from -27 and the expectations for the next 12 months confirms this trend (from -33 to -28), “explains Istat showing that loosens the grip of deflation in the country. “They also improve the expectations on unemployment (-3 to 10).” Remain bottom of skepticism about the possibility of saving, but you have confirmation of a renewed vitality in the business (evidenced by the recent improvement in retail sales in January) in the fact that Italians consider the current one a good time to make purchases of durable goods .
Building, all sectors recovered. As for businesses, Istat said that “the improvement in confidence in all the main sectors: manufacturing (103.7 from 100.5), construction (to 116.0 from 108.5), market services (from 100.4 to 108.1) and retail trade (to 103.0 from 101.0). ” In the manufacturing sector, in particular, “improve both the opinions on orders (from -17 to -11) and production expectations (from 8 to 10).” A similar in construction, where progress is only “slightly” in employment (from -45 to -36 and -11 to -12 balances). In the service sector, “improve the judgments and expectations for orders (from -1 to 2 and 4 to -1, the respective balances) and expectations on economic in general (from 2 to 17).” Remain shadows and lights in retail: worse judgments on current sales (-5 1), while – in confirmation of what was said by consumers – “improve the expectations on future sales (28 to 19).” Progress which should lead to a descent of the warehouse stock, with stocks seen down (7 of 10).
The situation in the Eurozone. Good news also from Brussels: The European Commission’s indicator that measures the economic sentiment in the euro area recorded a significant increase in March compared to February, confirming the positive trend in place since the beginning of the year. The reports today the EU Executive, noting that among the major economies of the eurozone, Italy marks the greater improvement in economic expectations. The indicator, which combines the confidence of consumers, traders and sectors of industry, services, finance and construction, an increase in the euro zone by 1.6 share points touching 103.9 points, further above the average long-term (1990-2014). In Italy the indicator rose in March by 2.4 points, reaching a peak of 106.1 points. In Germany, the indicator rose by 1.8 points, 1.7 points in Spain. In France, the growth of confidence was only 0.4 points, leaving the overall figure below the long term average.
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